Legislative Recommendations Concerning the Stock Market Break of October 19, 1987: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, Second Session, on Recommendations and Actions to Enhance the Integrity, Efficiency, Orderliness and Competitiveness of Our Nation's Financial Markets and to Maintain Investor Confidence, March 31, 1988, Volume 4 |
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actions addition Amex banks believe capacity CBOE CFTC Chairman Greenspan Chairman Ruder circuit breakers clearing member clearing organizations Commission's Committee concerns CONGRESS THE LIBRARY contingency planning crash discuss enhance equity execution systems February Federal Reserve Board financial markets futures contract futures exchanges futures margin futures markets futures positions GRAMM implemented improve increased index arbitrage index futures market index options intermarket frontrunning intra-day investors issues legislative leverage LIBRARY OF CONGRESS margin calls margin levels margin requirements market makers market participants NASD NYSE October 19 October market break open interest opening rotations options exchanges options markets percent Phix Phlx portfolio insurance price limits problems procedures program trading proposed recommendations Regulation regulatory Report risk arbitrage rules S&P 500 futures self-regulatory organizations Senator RIEGLE settlement SROS Stock Exchange stock index futures stock market stock prices surveillance transactions variation margin volatility volume
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Page 82 - The CHAIRMAN. Thank you very much. My time is up. Senator D'Amato. Senator D'AMATO. Thank you, Mr. Chairman. Mr. Chairman, let me first say that I
Page 91 - Wendy L. Gramm Chairman COMMODITY FUTURES TRADING COMMISSION 2033 K Street, NW. Washington. DC 20581 (202) 254-6970 The Honorable
Page 145 - for the purpose of buying or carrying margin stock if the credit is secured directly or indirectly by margin stock,
Page 18 - for the record. The CHAIRMAN. It will be printed in full in the record. Mr. GREENSPAN. Mr. Chairman, I
Page 141 - immediately after any such borrowing there is an asset coverage of at least 300
Page 97 - [A chorus of ayes.] The CHAIRMAN. Opposed, "No". [No response.] The CHAIRMAN. The
Page 1 - the Commodities Futures Trading Commission, and the Securities and Exchange Commission. The Presidential Task Force on Market Mechanisms,
Page 26 - be made part of the record. The CHAIRMAN. Without objection, that will be
Page 100 - shall have the power to enter into contracts to execute instruments . . . and
Page 84 - Thank you. The CHAIRMAN. Senator Riegle. Senator RIEGLE. Thank you, Mr. Chairman.